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Question: On December 1, 2018 Iris Company assigned P1,500,000 of accounts receivable to Goo Company as a security for a loan of P900,000 which carries an interest rate of 10%. Iris Company charged a 0.5% commission on the amount of the loan. During December, Iris Company collected P220,000 on the assigned accounts after deducting discounts P1,500 of discounts. Iris Company accepted returns of P2,700 and wrote off assigned accounts totaling P3,000
The amount of cash received arising from the assignment of the receivable is?
understanding how costs behave can help managers plan operations and choose between various courses of action.a
If Hogan Industries has a tax rate of 35%, what is the company's net income for 2015 (rounded to whole dollars)
Explain what an AIS is, describe the basic tasks it performs in an organization, and give some examples of the types of accounting transactions it processes.
recommendation regarding the final allocation amounts?
The following is an excerpt from a conversation between the chief executive officer, Discuss advantages and disadvantages of issuing preferred stock versus bond
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Anticipated revenues are $9.8 million; anticipated transfers from other funds are $1.2 million; anticipated expenditures and encumbrances are $10 million.
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